Stone Harbor Emerging Markets Income Fnd (NYSE:EDF) Stock Crosses Below 50-Day Moving Average of $6.76

Stone Harbor Emerging Markets Income Fnd (NYSE:EDF) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.76 and traded as low as $6.35. Stone Harbor Emerging Markets Income Fnd shares last traded at $6.42, with a volume of 128,004 shares changing hands.

The company has a fifty day simple moving average of $6.76 and a 200-day simple moving average of $6.92.

The business also recently declared a monthly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Monday, October 19th will be issued a $0.08 dividend. The ex-dividend date is Friday, October 16th. This represents a $0.96 annualized dividend and a dividend yield of 14.95%.

In other Stone Harbor Emerging Markets Income Fnd news, EVP James E. Craige bought 5,753 shares of Stone Harbor Emerging Markets Income Fnd stock in a transaction dated Wednesday, July 29th. The stock was bought at an average price of $6.93 per share, for a total transaction of $39,868.29. Also, EVP James E. Craige purchased 40,000 shares of the stock in a transaction dated Friday, September 25th. The shares were acquired at an average price of $6.31 per share, for a total transaction of $252,400.00. Following the acquisition, the executive vice president now directly owns 15,753 shares of the company’s stock, valued at approximately $99,401.43. The disclosure for this purchase can be found here.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dynamic Advisor Solutions LLC boosted its position in Stone Harbor Emerging Markets Income Fnd by 6.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 44,072 shares of the company’s stock worth $311,000 after acquiring an additional 2,524 shares during the period. Stifel Financial Corp boosted its position in Stone Harbor Emerging Markets Income Fnd by 19.4% during the 2nd quarter. Stifel Financial Corp now owns 16,949 shares of the company’s stock worth $119,000 after acquiring an additional 2,750 shares during the period. Private Advisor Group LLC acquired a new stake in Stone Harbor Emerging Markets Income Fnd during the 2nd quarter worth about $28,000. Mid Atlantic Financial Management Inc. ADV boosted its position in Stone Harbor Emerging Markets Income Fnd by 18.3% during the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 56,800 shares of the company’s stock worth $400,000 after acquiring an additional 8,789 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Stone Harbor Emerging Markets Income Fnd during the 2nd quarter worth about $179,000.

Stone Harbor Emerging Markets Income Fnd Company Profile (NYSE:EDF)

Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.

See Also: Retained Earnings

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